Derivation Oscillator
Utilizing Amibroker data for the Derivation Oscillator enhances its effectiveness in identifying trend strength and potential reversals. Traders can leverage the Amibroker data feed to create dynamic Derivation Oscillator plots, allowing for precise entry and exit points in the market.
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_SECTION_BEGIN("Derivative Oscillator");
//------------------------------------------------------------------------------
//
// Derivative Oscillator as mentioned in Constance Brown's book Technical
// Analysys for Trading Professional.
//
//------------------------------------------------------------------------------
/* CBDerivative */
/* Set Scaling to Automatic, Show dates On, Percent On, Middle On */
Graph0= (EMA(EMA(RSI(14),5),3))-(MA(EMA(EMA(RSI(14),5),3),9));
Graph0Style = 2;
Graph0Color = 4;
_SECTION_END();